Greeks have pulled euros out of their bank accounts at a torrid pace! A fear of Greek default and a lack of politial confidence has led to a significant amount of depositors in Greece pulling [...]
Currency
Tired of German forced austerity imposed through bailout negotiations, Greece voters are sending the Euro in a tailspin. Greek president Karolos Papoulias is frantically negotiating to piece together a coalition government and avoid a June [...]
Greece – Greek Prime Minister Papandreou proposed a referendum vote to pass austerity measures included within the Greek bailout. Most Greeks are against more austerity measures according to several polls. The EU Greek bailout seems [...]
Greek debt deal hammered out – still much to be finalized. In a last minute deal, Europeans found enough common ground to help rebuild confidence in the Euro and offer a solution, albeit temporary, to [...]
IT (Income Tax) Department is having a tough time gathering the dues. Even the undisputed cases are troubling as the defaulters do not possess the required amount of assets. The statistics show a substantial rise [...]
AUM (Asset Under Management) of MFs (Mutual Funds) jumped by 9.4 % in January. This was the highest in 15 months, on a monthly basis. Crisil Fund Services, the risk solutions provider and fund evaluator, [...]
RBI Governor D Subbarao in a meeting with the standing Finance Minister, Pranab Mukherjee yesterday, assured him of continuous monitoring of the current economic situation and taking appropriate policy actions if required. He briefed the [...]
A study based on disclosure done by 467 listed firms showed about 90% of shares were pledged by the promoters from 27 companies. The known names in the list include- Micro Inks., Kirloskar Electric, JP [...]
India’s largest Real Estate developer, DLF moving on with its plan to raise Rs 5000 crore through bond selling has sold bonds worth Rs 720 crore to the insurance companies. The company raised the funds [...]
The government has declared the act of ‘constructing roads’ to be immune to imposition of Service Tax though ‘maintenance, management and repair’ do fall in the bracket of ‘service tax demanding tasks’. Under the ‘repair [...]
